Kuwait Stock Exchange soars after Iran-Israel ceasefire agreement
The Kuwait Stock Exchange surged across all major indices this morning, reflecting a wave of investor optimism following the official implementation of the ceasefire agreement between Iran and the Israeli occupation forces.
As of 11:05 a.m. today, the general index of the stock exchange had jumped 148 points, or 1.88%, reaching 8,205.94 points—one of the strongest intraday rallies in recent weeks, reports Al-Jarida daily.
The Premier Market Index led the gains with an impressive rise of 181.58 points (or 2.09%) to reach 8,877.30 points, fueled by sharp advances in blue-chip stocks and banking shares.
Meanwhile, the Main Market Index climbed by 71.26 points (or 1.01%) to reach 7,146.50 points, and the Main 50 Index, which tracks the performance of the 50 most liquid stocks on the main market, rose by 93.25 points, or 1.33%, closing in on 7,078.62 points.
Market analysts attributed the widespread rally to a sharp improvement in regional sentiment after the easing of geopolitical tensions, which had previously weighed heavily on investor confidence and trading volumes.
With calmer waters on the horizon, traders and institutions appear to be positioning themselves for a potential rebound in the broader Gulf financial markets, with Kuwait taking the early lead.
